Closing Recap (Week Ending October 31) U.S. stocks capped another strong week with fresh record highs for the S&P 500, Dow, and Nasdaq, fueled by a dovish Federal Reserve rate cut and a significant de-escalation in US-China trade tensions following a meeting between Presidents Trump and Xi. In currency markets, the US Dollar rallied on…
Closing Recap (Week Ending October 24) U.S. stocks capped another strong week with fresh record highs for the S&P 500, Dow, and Nasdaq, fueled by cooling inflation data that cemented expectations for further Fed rate cuts. In currency markets, the US Dollar was mixed but generally firmer against the euro and yen, with EUR/USD slipping,…
Closing Recap (Week Ending October 17th) U.S. stocks finished a choppy week with a modest Friday rally as President Trump softened his rhetoric on China tariffs, allowing dip-buyers to step in. In currency markets, the US Dollar saw a volatile week, ending with a slight gain as EUR/USD eased from two-week highs, GBP/USD also retreated,…
Closing Recap (Week Ending October 10) U.S. stocks suffered their biggest weekly losses since spring, plunging on Friday after President Trump reignited the trade war with China, canceling a planned meeting with President Xi and threatening massive new tariffs. In currency markets, the US Dollar saw a volatile week, with EUR/USD rebounding Friday on the…
Closing Recap (Week Ending October 3) U.S. stocks posted another week of gains, with the S&P 500 rising for the sixth straight day, as markets shrugged off a partial U.S. government shutdown and signs of economic slowing, buoyed instead by relentless AI optimism. In currency markets, the US Dollar retreated, posting multi-week losses as the…
Closing Recap (Week Ending September 26) U.S. stocks saw a strong Friday rebound, snapping a three-day losing streak, but it wasn’t enough to prevent major indices from ending the week in negative territory for the first time in a month. In currency markets, the US Dollar saw a volatile week driven by Fed expectations and…
Closing Recap (Week Ending September 19) U.S. stocks continued their incredible run, with all four major indices hitting new record highs this week, propelled by a dovish Federal Reserve that cut interest rates by 25 basis points and signaled more easing to come. In currency markets, the US Dollar rebounded from four-year lows post-Fed as…
Closing Recap (Week Ending September 12) U.S. stocks finished a quiet Friday with modest losses but secured another week of gains, holding near all-time highs as investors brace for a pivotal Federal Reserve policy meeting. In currency markets, the US Dollar was choppy and had a rough week, but ended mostly higher on Friday after…
Closing Recap (Week Ending September 5th) U.S. stocks pulled back sharply on Friday after a much weaker-than-expected August jobs report intensified fears of a slowing economy, cementing expectations for an imminent Federal Reserve interest rate cut. The US Dollar and Treasury yields tumbled on the news, while gold surged to a new all-time high, oil…
Closing Recap (Week Ending August 29) U.S. stocks finished higher for the week, though Friday saw a pullback led by technology following disappointing sector news. In-line inflation data kept September rate cut expectations high, supporting gold prices, while the US dollar held steady against major currencies and Bitcoin struggled below $110,000. Key Takeaways Looking Ahead…
The Art of Prop Trading